Key Takeaways

• Schwab plans to add SOL, AVAX and LINK trading.
• The company has not given an exact launch date.
• Each crypto trade carries a 0.75% fee.
• Staking and wallet transfers remain unconfirmed.
• Crypto receives no FDIC or SIPC protection.

Schwab expands its crypto rollout with three new assets

Charles Schwab said on August 27 that Solana, Avalanche and Chainlink will be added to its crypto platform in the coming months. Eligible clients will be able to buy and sell SOL, AVAX and LINK through Schwab Crypto accounts.

The additions build on a service launched in May 2026 with bitcoin and ether. Schwab did not provide a specific launch date for the new assets and said it may delay, change or withdraw support in response to regulatory, operational or market developments.

“Clients will have more choices to build a digital asset allocation alongside the investing and banking experience they know and trust at Schwab,” said Joe Vietri, Schwab’s head of digital assets.

The company reported $13.04 trillion in client assets at the end of July. Its 39.9 million active brokerage accounts could give the new listings a large audience among investors who already manage stocks, funds, cash and retirement savings through Schwab, while also making the platform a more visible entry point for clients who have been waiting for a simpler way to trade these tokens through a mainstream brokerage.

The announcement extends Schwab’s broader digital-asset strategy. As Coindoo reported in June, Schwab had already introduced direct retail crypto trading and was preparing transfer, trading and custody services for independent financial advisors.

Each token serves a different role

SOL, AVAX and LINK often appear together in market rankings, but each token supports a different type of crypto network. That distinction provides more context than price performance alone and helps explain why Schwab’s list includes assets with different technical functions rather than three interchangeable coins.

Solana

SOL is the native asset of the Solana blockchain. The token pays network fees and can be delegated to validators through staking. Demand for SOL can reflect activity across decentralized exchanges, payments, tokenized assets and consumer applications built on Solana.

Avalanche

AVAX pays transaction fees and supports staking across the Avalanche ecosystem. The network also provides infrastructure for organizations building customized blockchain environments. Application use, network adoption and validator participation can influence demand for AVAX.

Chainlink

LINK supports Chainlink’s oracle and cross-chain infrastructure. These services deliver external data to blockchain applications and help separate networks exchange information. As a result, the token’s role extends across many blockchain ecosystems.

Even so, a group of crypto holdings can still behave like a concentrated allocation during a broad market selloff. SOL and AVAX share exposure to conditions affecting smart-contract networks, while LINK serves a different function but remains closely tied to sentiment across the crypto market.

The 0.75% fee applies to each trade

Schwab charges 75 basis points on the dollar value of each crypto trade, equal to 0.75% of the amount purchased or sold.

The fee applies separately to buys and sells. A $1,000 purchase would cost $7.50. Selling that position later for the same amount would add another $7.50, bringing the total trading cost to $15.

Those costs can rise quickly for active traders. Ten separate $1,000 transactions would generate $75 in fees. Investors comparing platforms may also want to review quoted prices, available order types and execution quality, since each can affect the final cost and the ease of entering or exiting a position when the new listings become available.

Several account details remain unresolved

Schwab’s announcement confirms buying and selling, but its final product documentation will still need to answer several practical questions:

• Can clients deposit tokens from an external wallet?
• Can purchased assets be withdrawn to self-custody?
• Will SOL or AVAX holders receive staking access?
• Which market and limit orders will Schwab support?
• How will Schwab source prices and execute trades?

These features determine how clients can actually use the assets. An investor seeking only price exposure may need trading access alone, while someone planning to use SOL in an application, delegate AVAX to a validator or hold tokens in a personal wallet would need additional functionality.

Staking could also affect return calculations. SOL and AVAX support protocol rewards under suitable delegation arrangements. Schwab has not committed to offering that service, so expected staking income should not be included in any investment calculation until official terms are published.

Crypto accounts have limited protection

The crypto accounts are offered by Charles Schwab Premier Bank. However, the cryptocurrencies held inside them are not covered by FDIC deposit insurance or SIPC protection. They are speculative assets and can lose their entire value.

That distinction can be easy to miss when crypto balances appear alongside familiar investments. Stocks, insured bank deposits and cryptocurrencies are governed by separate legal and protection frameworks, even when they appear on the same platform.

Schwab Crypto accounts are currently available across most U.S. states. New York and Louisiana are excluded. The service is also unavailable in U.S. territories and international jurisdictions, and all applicants remain subject to an eligibility review.

A practical checklist before trading begins

Investors considering one of the new assets may want to review four points during the rollout period.

Define the purpose

Decide what role the token is expected to play in the portfolio. A clear purpose makes it easier to judge position size and identify conditions that would invalidate the original decision.

Calculate the full trading cost

Include both the purchase fee and the expected sale fee. Frequent transactions require a larger price move before a position becomes profitable.

Check access requirements

Self-custody, staking and blockchain applications require specific account functions. Those capabilities should be confirmed in Schwab’s final documentation before they are relied upon.

Set a loss limit

SOL, AVAX and LINK have each experienced severe historical declines. Position size should reflect the amount an investor can lose without affecting essential savings or long-term financial plans.

Schwab lowers one barrier to crypto access

Adding SOL, AVAX and LINK would allow eligible Schwab clients to manage five cryptocurrencies through an account they may already use. That convenience could bring direct token trading to a broader group of mainstream investors who prefer to keep crypto activity within the same platform as their other financial accounts.

The usefulness of the service will depend on the final account terms. Fees are already known, but transfer rights, staking access, order types and execution details will determine how the platform functions when the new listings go live.

This article is provided for informational purposes and does not constitute financial or investment advice.

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